Marchionne foresees merger creating a new No. 1 automaker

Fiat Chrysler CEO Sergio Marchionne, left, and Fiat Chairman John Elkann say FCA doesn't need a deal and will look opportunistically at combinations with peers that have operations outside Europe's overcrowded car market. (BLOOMBERG/Bloomberg)

By:

Tommaso Ebhardt

October 08, 2014 05:00 AM

BALOCCO, Italy (Bloomberg) -- Fiat Chrysler Automobiles CEO Sergio Marchionne sees potential to form a new No. 1 automaker as companies grapple with low returns on the growing amount of money needed to develop a new car.

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